The Gloucestershire conveyancing firm handling our Gloucestershire conveyancing has identified a difference when comparing the surveyor’s assumptions in the home valuation report and what is in the title deeds. My lawyer says that he is obliged to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s course or action appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
We are buying a flat and require a conveyancing solicitor in Gloucestershire who is on the Leeds Building Society solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Gloucestershire.
The estate agent has sent us the confirmation of our purchase of a new build flat in Gloucestershire. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Gloucestershire
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I am looking for a flat up to £245,000 and found one close by in Gloucestershire I like with amenity areas and railway links in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Gloucestershire suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan that many years may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
What is the reason for new build conveyancing in Gloucestershire being more expensive?
Purchasing a new build home is completely distinct from the standard house purchase conveyancing in Gloucestershire. For a start housebuilders normally need contracts to exchange inside a short timeframe, the result being a lot of pressure on your solicitor to make sure all is in order. Furthermore new build properties frequently necessitate examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Lenders obligations are also more detailed. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.